Three-Unit Triplex with Private
New
For Sale
$1,750,000
218-220 Walden St, Cambridge, MA 02140
Each residence has an enclosed porch and its own deck.
Property Size3,024 SF
Days on Market6
Property Features for 218-220 Walden St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
3 Family - 3 Units Up/Down
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,624
Amenities
enclosed porch
private deck
Building Details
Building Size
3,024 SF
Year Built
1928
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Santana Team · License #PersonLicenseNumber
(617) 858-5475
Source:
Allisonmazer
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 11:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Boston Northwest
Investment Insights
Based on property information with market context.
Built in 1928, this 3,024-square-foot Cambridge triplex contains three residences. Each unit has two bedrooms, one full bathroom, an enclosed porch, and a private deck, for a total of six bedrooms and three full bathrooms.
The property is at 218-220 Walden Street, near shops, restaurants, public transportation, and neighborhood amenities.
The property is at 218-220 Walden Street, near shops, restaurants, public transportation, and neighborhood amenities.
Key Highlights
- Three units, each with 2 bedrooms and 1 full bathroom
- 6 bedrooms and 3 full bathrooms across the property
- Every unit includes an enclosed porch and private deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,080
$1.5M
Cap Rate 7%
$1,083,629
$1.1M
Cap Rate 9%
$842,822
$842.8K
Market Conditions
NOI Build-Up for 3,024 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.3K $37.80/SF
− Vacancy
−$5.9K −$1.97/SF
EGI
$108.4K $35.83/SF
− OpEx
−$32.5K −$10.75/SF
NOI
$75.9K $25.08/SF
Area
Cambridge, MA
Vacancy
5.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,080
Cap Rate 7%
$1,083,629
Cap Rate 9%
$842,822
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$948.2K – $1.26M
NOI $75,854 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.01M
$886.2K – $1.18M
NOI $70,892 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,195 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 02140, MA
21,447
Population
11,117
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
17,873
Density / Sq Mi
$136,382
Median Household Income
$77,506
Median Earnings
$2,581
Median Rent
$1,070,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has an enclosed porch and its own deck.
Where is this triplex located?
The property is located at 218-220 Walden St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 full bathroom; 6 bedrooms and 3 full bathrooms across the property; Every unit includes an enclosed porch and private deck
